News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Bearish
Gold
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Mixed
More View more
Real Time News
  • #Bitcoin has headed lower today. After beginning the trading day around $32,500, the cryptocurrency has dropped to currently trade just above $30,000, a key support level in January. $BTC https://t.co/eXJQZRkofe
  • #Gold is trading lower today, briefly dipping below $1,840 earlier this morning, a key level since the selloff earlier in the month. $XAU $GLD https://t.co/T8keoTWXx4
  • Germany reduces economic growth forecast for 2021 to 3% from 4.4%, sees return to pre-crisis levels delayed until mid 2022. $EUR
  • 🇺🇸 Durable Goods Orders Ex Transp MoM (DEC) Actual: 0.7% Expected: 0.5% Previous: 0.4% https://www.dailyfx.com/economic-calendar#2021-01-27
  • 🇺🇸 Durable Goods Orders MoM (DEC) Actual: 0.2% Expected: 0.9% Previous: 0.9% https://www.dailyfx.com/economic-calendar#2021-01-27
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in GBP/JPY are at opposite extremes with 70.49%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/EtrGob0uHN
  • Remember that @elonmusk tweet about Signal a few weeks ago, and the stock $SIGL shot higher? Lots involved with the blow up of Melvin Capital seem to be confusing $AMC with $AMCX. What was that about "efficient markets?"
  • Make smart trading decisions with your free guide to trade the news. Download your free guide here.https://t.co/pb5E2KgRzW #DailyFXGuides https://t.co/WN3zLLK2GU
  • Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: -0.13% 🇬🇧GBP: -0.23% 🇯🇵JPY: -0.27% 🇨🇦CAD: -0.49% 🇳🇿NZD: -0.63% 🇦🇺AUD: -0.68% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/yBfBgYbQJ9
  • Heads Up:🇺🇸 Durable Goods Orders Ex Transp MoM (DEC) due at 13:30 GMT (15min) Expected: 0.5% Previous: 0.4% https://www.dailyfx.com/economic-calendar#2021-01-27
Using a Trading Journal

Using a Trading Journal

Richard Krivo, Trading Instructor

Instructor’s Response:

 
Good question and a good idea…
 
Take a look at the example below. You can set up a journal in whatever format will be easiest for you to use and understand. The data points that are shown below are the primary headings that should be included.
 
chart 6 24 10
 
In the Notes/Remarks section, you can include what prompted you to enter the trade, what indicators were used, market conditions at the time, any relevant news announcements and similarinformation that would be helpful. Also, when the trade is closed, include a few words as to why you feel the trade was profitable or not. The overriding point here is that when you go back to look over the trade, you would like to be able to reconstruct it as accurately as possible and use that information going forward.
 
The benefit of keeping a journal is that over days, weeks and months you can go back and see what you might be doing that is leading to successful trades and, likewise, what might be leading to unsuccessful trades.
 
Also, the mere fact of having to write down key data on each trade will cause you to think through each trade in a little more depth right from the start.
 
 
Lastly, for some added thoughts on this subject, the link below will take you to one of the Daily Trading Lessons by Tom Long on Keeping a Trading Log...
 
http://www.dailyfx.com/forex/education/trading_tips/daily_trading_lesson/2010-03-31-1206-Keeping_a_Trading_Log_to.html

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES